Business Aims And Objectives Flashcards
1
Q
What is survival
A
Trying to not go bankrupt, over 50% of businesses become bankrupt in the first five years
2
Q
What is an aim
A
Its an overall goal fir the business, its for the long term
3
Q
What is an objective
A
It is a short term goal that eventually leads to the aim
4
Q
What is growth
A
Where you want to sell more products, open more stores or growing locally or internationally
5
Q
What does SMART stand for
A
Specific
Measurable
Attainable
Relevent
Time-bound
